Resumen de China magnesia exports increase in H1 2014
Figures obtained by IM show that exports of fused magnesia (FM) increased by 10%, to 164,217 tonnes in H1 2014. Top importing countries in order were the US, Japan, South Korea, Belgium and Holland. However, lower H1 FM prices, at Chinese renimbi (Rmb) 5,000/tonne ($810/tonne*), meant that the average export value increased by just 0.7% year-on-year (y-o-y), according to China's Ministry of Information and Technology (MIIT).
For caustic calcined magnesia (CCM), exports from China rose a significant 33% in H1 2014 when compared to the same time last year, with 38,813 tonnes exported. Again, lower prices meant the value of the exports only increased by 26.4%. According to MIIT, CCM prices averaged Rmb 660/tonne ($107/tonne).
Dead burned magnesia (DBM) exports were 27.9% higher than those recorded in H1 2013, with 281,981 tonnes exported to the US, Holland, Japan, South Korea and Iran. Average DBM prices were at an average of Rmb 750/tonne ($121.5/tonne), down 5% y-o-y in H1 2014. In terms of value, revenue derived from the exports were up 23%.
